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Steve Schnake wrote:
>
> Norman
>
> A couple of questions:
> How about silver?, I was thinking about buying 5.80 M.I.T. Is it time yet?
NW: It is hard to say on what cycles you based your trading. Given the
recent volatility and cycles I see on Silver, I can wait for a better
price. If I miss it, "se le vie". On what basis did you decide to buy
at 5.80? Do you feel that a 60 cent discount from the 5 year swing high
justifies buying something that just rallied in the past 6 months from
4.16 to 6.395? To me, that's kind of like Tiffany's advertising a sale
where everything is 5% off right after they push their prices up for the
Christmas rush. That's the sort of thing that makes me want to go back
to sleep.
On the other hand, when I see a market approaching its five or ten
year lows and that coincides with some major cycles indicating the
probability for a change in trend, then I wake up. "Attention Shoppers!
The Blue Light is On!"
Shoppingly,
Norman
> OEX Options, How do they trade? I have'nt used them. What is the contract
> size?
> Do I buy them(to open) through my stock (Brown & Co.) broker, not my
> futures house?
>
> Thank you!, Where have you been lately??
>
> Steve
>
> ----------
> > From: nwinski <nwinski@xxxxxxxxxxxxxxx>
> > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> > Subject: Re: Lowest commission rates...
> > Date: Saturday, January 03, 1998 5:10 PM
> >
> > Bush, Dean wrote:
> > >
> > > Which options broker within the U.S. has the lowest commission rate,
> but
> > > yet provides efficient service?
> >
> > NW: If I were ever to venture back into the options world, I would open
> > an account at one of the firms that clears the trades for the market
> > makers on the floor, thereby eliminating a lot of unnecessary bueracracy
> > and overhead while getting the same service and rates that the pros get.
> > To qulaify, you need to have considerable experience and capital. They
> > will expect that you know what you are doing and will simply provide
> > fill
> > and bill services, i.e. no handholding or babysitting.
> >
> > Cheers,
> >
> > Norman
> >
> >
> > to have considerable exzpe
> >
> > > Someone posted Dreyfus earlier this month as charging only $15. I went
> to
> > > the Web site and downloaded the application forms, but there was no
> > > description of the breakdown of commissions (I'm sure that $15 is a
> base or
> > > bare minimum fee).
> > > Thanks for you help.
> > > Dean
> > > Dean Bush
> > > 7433 Beach Drive
> > > Panama City Beach, FL 32408
> > > Phone: (850) 230-DEAN
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